Retail premises for sale in 53-59 High Street, Evesham, Worcestershire WR11

Summary
Retail and residential investment in Evesham town centre.
Three retail units and x four flats.
Immediate income of £65,040 per annum.
Reflecting a net initial yield of 8.25% (assuming purchase costs of 5.10%).
Freehold.

Evesham is a market town in the Wychavon District of Worcestershire. It is located roughly equidistant between Worcester, Cheltenham and Stratford-Upon-Avon. Access to the national motorway network is via Junction 6 of the M5 Motorway approximately 14 miles distant.

Evesham train station, which sits on the Cotswold Line between Oxford and Hereford is also only a short distance from both properties.

The property occupies a prominent position on Evesham High Street, being the main arterial route through Evesham town centre, close to Evesham train station. Neighbouring occupiers include Subway, Coral, Mace and a number of independent retailers, cafes and restaurants.

53-57 comprises a significant three storey Grade II Listed building comprising two retail shops to the ground floor, with 4 separately accessed apartments (1 x one bed, 3 x two beds) to the upper floors.

59 comprises a two storey Grade II Listed building which comprises a retail unit to the ground floor and an unused first floor. The upper floor has never been used/redeveloped but there is potential for conversion to create an additional one bedroom apartment, subject to planning.

To the rear of the building is a large yard/car park, for use by the occupants, accessed off the Brick-Kiln Street, which has a one-way system in place.

Retail and residential investment in Evesham town centre

Three retail units and x four flats

Immediate income of £65,040 per annum

Reflecting a net initial yield of 8.25% (assuming purchase costs of 5.10%)

Grade II Listed building

Mixed use investment in Evesham town centre